Singapore Stocks: Allgreen, Cougar, Jardine Cycle & Carriage

May 25 (Bloomberg) -- Singapore’s Straits Times Index
gained 0.2 percent to 3,118.65 at the close, erasing earlier
losses of as much as 0.7 percent. About the same number of
stocks rose and fell in benchmark index of 30 companies.

Shares on the measure trade at an average 14.3 times
estimated earnings, compared with about 15.6 times at the end of
2010, according to data compiled by Bloomberg.

The following shares were among the most active in the
market. Stock symbols are in parentheses after the company name.

Allgreen Properties Ltd. (AG SP), the developer to be taken
private by Malaysian businessman Robert Kuok, increased 1.3
percent to S$1.61, extending gains to 40 percent since Kuok’s
Brookvale Investments Pte offered on May 23 to buy the rest of
Allgreen at S$1.60 per share. Brookvale and other companies
linked to Kuok hold 64.5 percent of Allgreen, having bought
additional shares in the market yesterday, the company said.

Cougar Logistics Corp. Ltd. (CLC SP), a Singapore-based
logistics company, surged 16 percent to 26 Singapore cents. The
company said full-year net income rose 2.3 percent from a year
earlier to S$2 million.

Jardine Cycle & Carriage Ltd. (JCNC SP): The automotive
distributor that gets 89 percent of its sales from Indonesia
declined 0.6 percent to S$38.06. Its Indonesian unit PT Astra
International (ASII IJ), Indonesia’s largest automotive
retailer, said yesterday the nation’s vehicle sales in April
fell to 60,702 units from 82,058 units from the previous month.